FortyTwo is an innovative platform designed to simplify the user experience in the Interchain ecosystem. It provides a clear and automated interface for managing crypto assets across various blockchains. Their services include portfolio tracking, yield earning, asset swapping, and more, all focused on ease of use and optimizing user returns.
Features and Services
The Portfolio Tracker feature allows users to manage and view their assets across different chains and applications. It offers functionalities like tracking wallet performance over time, managing Interchain NFTs, accessing claimable airdrops, and ensuring tax compliance.
FortyTwo’s Earn feature automates the process of sourcing optimal returns on assets across the Interchain. It integrates various yield sources such as liquidity pools, staking, and asset management strategies, with an emphasis on auto-compounding for higher yields and risk management.
As a comprehensive solution for Interchain activities, FortyTwo provides a Swap Aggregator. This feature automatically finds the best swap rates across different chains and DEXs, simplifying the process of exchanging assets.
In addition to its core services, FortyTwo plans to introduce a range of other products, enhancing its role as a front-end platform for the Interchain. These upcoming offerings aim to further enrich the user experience.
History and Context
The Emergence of FortyTwo
FortyTwo was conceived with a mission to make navigating the Interchain simple and accessible. Recognizing the complexity and fragmentation in the blockchain space, it aims to offer a unified, user-friendly platform. As blockchains evolve and diversify, FortyTwo positions itself as the primary entry point into this diverse ecosystem, bundling various services and functionalities into a coherent package.
FortyTwo operates on a set of core principles that guide its development and interaction with users. These include a commitment to rapid and iterative development, a user-centric approach, long-term strategic thinking, integrity in decision-making, and a focus on consistency and resilience. Their philosophy emphasizes clear communication, honesty, and an abundance mindset, fostering an environment of learning and innovation.
Strategy and Goals
FortyTwo’s strategy is centered on providing personalized, automated portfolio management. They aim to be the preferred application for crypto users by offering a variety of easy-to-use, low-risk, and lucrative opportunities. Their objectives include optimizing user portfolios with diversified strategies, ensuring an intuitive user experience, and excelling in “Last Mile Delivery” of tokens to the right strategies on the right platforms.
The Choice of Cosmos
FortyTwo’s decision to start with Cosmos chains was influenced by several factors. Cosmos offers scalable blockspace, secure bridging through the IBC protocol, and strong network effects by connecting multiple chains. These features align well with FortyTwo’s vision of a simplified and integrated Interchain ecosystem.